Electronic Arts Inc. (NASDAQ:EA - Get Free Report) CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of $145.37, for a total transaction of $726,850.00. Following the sale, the chief executive officer now directly owns 27,615 shares in the company, valued at approximately $4,014,392.55. The trade was a 15.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Andrew Wilson also recently made the following trade(s):
- On Thursday, March 20th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $142.50, for a total transaction of $712,500.00.
- On Thursday, February 20th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $130.14, for a total transaction of $650,700.00.
Electronic Arts Trading Up 2.8 %
NASDAQ:EA opened at $145.87 on Wednesday. The stock has a market cap of $38.02 billion, a price-to-earnings ratio of 37.12, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The business's 50-day simple moving average is $138.37 and its 200 day simple moving average is $144.42.
Electronic Arts (NASDAQ:EA - Get Free Report) last announced its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. As a group, sell-side analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.
Electronic Arts Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.52%. Electronic Arts's dividend payout ratio (DPR) is 19.34%.
Analyst Upgrades and Downgrades
Several research analysts have commented on EA shares. BMO Capital Markets cut their price target on Electronic Arts from $145.00 to $142.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 5th. Ascendiant Capital Markets lifted their target price on shares of Electronic Arts from $157.00 to $160.00 and gave the company a "buy" rating in a report on Monday, March 3rd. StockNews.com downgraded shares of Electronic Arts from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 5th. Roth Mkm lowered their price objective on shares of Electronic Arts from $158.00 to $134.00 and set a "neutral" rating on the stock in a research report on Thursday, January 23rd. Finally, Benchmark upped their target price on shares of Electronic Arts from $140.00 to $160.00 and gave the company a "buy" rating in a report on Monday, March 24th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Electronic Arts currently has an average rating of "Hold" and an average target price of $154.00.
Get Our Latest Stock Report on EA
Institutional Investors Weigh In On Electronic Arts
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of Electronic Arts during the 3rd quarter valued at approximately $428,000. Tidal Investments LLC raised its holdings in shares of Electronic Arts by 20.6% during the third quarter. Tidal Investments LLC now owns 45,630 shares of the game software company's stock worth $6,545,000 after purchasing an additional 7,786 shares during the period. Franklin Resources Inc. lifted its position in shares of Electronic Arts by 8.4% in the 3rd quarter. Franklin Resources Inc. now owns 863,899 shares of the game software company's stock worth $124,548,000 after buying an additional 66,797 shares during the last quarter. Inspire Trust Co. N.A. boosted its holdings in shares of Electronic Arts by 47.4% in the 3rd quarter. Inspire Trust Co. N.A. now owns 14,000 shares of the game software company's stock valued at $2,008,000 after buying an additional 4,499 shares during the period. Finally, Versant Capital Management Inc grew its position in shares of Electronic Arts by 9,280.0% during the 4th quarter. Versant Capital Management Inc now owns 469 shares of the game software company's stock valued at $69,000 after buying an additional 464 shares during the last quarter. Institutional investors own 90.23% of the company's stock.
About Electronic Arts
(
Get Free Report)
Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.
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